MAKER - MKR/USDT - 15 min. - Technical analysis published on 05/06/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 714.38 USDT
My targets
670.34 USDT (-3.10%)
653.99 USDT (-5.47%)
My analysis
MAKER - MKR/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 714.38 USDT. The next support located at 670.34 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 653.99 USDT. Below this support, sellers could then target 556.61 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MAKER - MKR/USDT price is 691.80 USDT. On the day, this instrument lost -4.67% and was between 687.19 USDT and 733.69 USDT. This implies that the price is at +0.67% from its lowest and at -5.71% from its highest.687.19
733.69
691.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MAKER - MKR/USDT:
Technical
Technical analysis of this 15 min. chart of MAKER - MKR/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Grip top and dark cloud cover
Type : Bearish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 503.71 | 556.61 | 675.85 | 691.80 | 696.90 | 704.65 | 715.31 |
| Change (%) | -27.19% | -19.54% | -2.31% | - | +0.74% | +1.86% | +3.40% |
| Change | -188.09 | -135.19 | -15.95 | - | +5.10 | +12.85 | +23.51 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 653.99 | 670.34 | 698.03 | 714.38 | 742.07 | 758.42 | 786.11 |
| Camarilla | 713.60 | 717.64 | 721.67 | 725.71 | 729.75 | 733.78 | 737.82 |
| Woodie | 659.65 | 673.18 | 703.69 | 717.22 | 747.73 | 761.26 | 791.77 |
| Fibonacci | 670.34 | 687.17 | 697.56 | 714.38 | 731.21 | 741.60 | 758.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 600.06 | 627.88 | 668.07 | 695.89 | 736.08 | 763.90 | 804.09 |
| Camarilla | 689.55 | 695.78 | 702.02 | 708.25 | 714.48 | 720.72 | 726.95 |
| Woodie | 606.24 | 630.97 | 674.25 | 698.98 | 742.26 | 766.99 | 810.27 |
| Fibonacci | 627.88 | 653.86 | 669.91 | 695.89 | 721.87 | 737.92 | 763.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 462.57 | 558.52 | 625.78 | 721.73 | 788.99 | 884.94 | 952.20 |
| Camarilla | 648.15 | 663.11 | 678.07 | 693.03 | 707.99 | 722.95 | 737.91 |
| Woodie | 448.22 | 551.35 | 611.43 | 714.56 | 774.64 | 877.77 | 937.85 |
| Fibonacci | 558.52 | 620.87 | 659.39 | 721.73 | 784.08 | 822.60 | 884.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 10.16 | |
| MACD (12,26,9): | -6.1600 | |
| Directional Movement: | -43.95 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 693.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 696.27 | |
| Elder Ray (13): | -9.03 | |
| Super Trend (3,10): | 698.01 | |
| Zig ZAG (10): | 688.90 | |
| VORTEX (21): | 0.5800 | |
| Stochastique (14,3,5): | 7.55 | |
| TEMA (21): | 690.64 | |
| Williams %R (14): | -88.76 | |
| Chande Momentum Oscillator (20): | -17.89 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.66 |
| MA7: | 699.82 | |
| MA20: | 707.12 | |
| MA50: | 702.63 | |
| MA100: | 728.85 | |
| MAexp7: | 694.00 | |
| MAexp20: | 700.97 | |
| MAexp50: | 708.33 | |
| MAexp100: | 710.43 | |
| Price / MA7: | -1.15% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | -5.08% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -2.33% | |
| Price / MAexp100: | -2.62% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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